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1940 Dr Martin Luther King Jr St S 3,881 SF Specialty Building Offered at $969,437 CAD in Saint Petersburg, FL 33705
INVESTMENT HIGHLIGHTS
- Prime Corner Lot: This property offers a unique opportunity to own a high-visibility corner lot with endless potential.
- Flexible Use: The property is perfect for continuing as a funeral home or easily adapting into a multi-family dwelling.
- Building Size: The 3,881 sq. ft. single-story structure provides ample space for various uses.
- Prime Location: Situated in a CRA area with easy access and potential funding for redevelopment.
EXECUTIVE SUMMARY
Huge Price reduction! This building can be zoned for Office, Medical, or multifamily development. Take advantage of this unique opportunity to own a corner lot property with endless potential! Formerly McRae’s Funeral Home, this well-established facility has served as a trusted cornerstone in the community, providing hundreds of families with burial services. Now, you can transform this 3,881 sq. ft. property into a multi-family dwelling or bring it back to life as a thriving funeral home.
Key Features:
• Building Size: 3,881 sq. ft. single-story structure
• Flexible Space: Ideal for a funeral home or easily adaptable for multi-family living
• Living Quarters: Includes a 2-bedroom, 1-bath unit with a full kitchen, perfect for on-site management
• Renovation Potential: Quickly adaptable to modern funeral services, including virtual options for convenience and outreach
• Prime Location: Situated on a corner lot with high visibility and easy access. In a CRA area for redevelopment and possible CRA funding for renovation
* Zoned CRT-1 but has an underlying future land use of PR-MU
Whether you wish to continue the legacy of McRae’s Funeral Home or explore new possibilities for this prime piece of real estate, the potential is limitless
Key Features:
• Building Size: 3,881 sq. ft. single-story structure
• Flexible Space: Ideal for a funeral home or easily adaptable for multi-family living
• Living Quarters: Includes a 2-bedroom, 1-bath unit with a full kitchen, perfect for on-site management
• Renovation Potential: Quickly adaptable to modern funeral services, including virtual options for convenience and outreach
• Prime Location: Situated on a corner lot with high visibility and easy access. In a CRA area for redevelopment and possible CRA funding for renovation
* Zoned CRT-1 but has an underlying future land use of PR-MU
Whether you wish to continue the legacy of McRae’s Funeral Home or explore new possibilities for this prime piece of real estate, the potential is limitless
PROPERTY FACTS
| Price | $969,437 CAD | Lot Size | 0.46 AC |
| Price Per SF | $249.79 CAD | Building Size | 3,881 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1976 |
| Property Type | Specialty | Parking Ratio | 2.06/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | GC - Funeral Home, Mortuary, cemetery, Crematorium, Office, Medical , Legal or multifamily | ||
| Price | $969,437 CAD |
| Price Per SF | $249.79 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,881 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 2.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GC - Funeral Home, Mortuary, cemetery, Crematorium, Office, Medical , Legal or multifamily |
1 1
PROPERTY TAXES
| Parcel Number | 30-31-17-31284-001-0010 | Improvements Assessment | $268,213 CAD |
| Land Assessment | $329,119 CAD | Total Assessment | $597,331 CAD |
PROPERTY TAXES
Parcel Number
30-31-17-31284-001-0010
Land Assessment
$329,119 CAD
Improvements Assessment
$268,213 CAD
Total Assessment
$597,331 CAD
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1940 Dr Martin Luther King Jr St S
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